Monday, September 12, 2011

Wynn up on Macau deal...

Shares of Wynn (WYNN +3.2%) post a gain after its earlier announcement it grabbed a $193M Macau deal away from rivals. A Deutsche note to clients says the contract with the Macau government will allow the casino operator to open a new casino in 2015 (at the earliest), but cautions against "downside risks" the firm still faces.

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